Bogus invoices row: GST authorities summon insurance intermediaries

I-T joins probe, quizzes chief financial officers seeking info on 'commissions'

Shrimi Choudhary New Delhi
Bogus invoices row, GST

At least 120 insurance intermediaries and aggregators are under scanner. Illustration: Binay Sinha

Widening its probe in the bogus invoicing case against insurance intermediaries and aggregators, the Goods and Services Tax (GST) authorities issued summons to several of them in the past two weeks seeking extensive information.
The information sought includes their agreement and contract with insurance companies, total input tax credit passed to them since 2018-19, along with supporting documents proving rendering of services. The summons were issued in connection with the Directorate General of GST intelligence (DGGI) probe launched in 2022 against at least 16 insurance companies for allegedly availing input tax credit in a fraudulent manner.
These intermediaries allegedly generated bogus invoices in the guise of marketing and sales in collusion with insurance companies. “The summons have been issued under section 70 of the Central GST Act to some of the intermediaries,” a source privy to the matter told Business St

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First Published: Feb 21 2023 | 9:22 PM IST

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